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Flashcards in RE - Set 02 Deck (25)
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1

SUBAGENT

An agent of a person who is already acting as an agent for a principal.

2

LICENSE

Permission to use a property which may be revoked at any time.

3

PARTITION ACTION

A court action to divide a property held by co-owners.

4

DECLARATION OF HOMESTEAD

The recorded document that protects a homeowner from foreclosure by certain judgment creditors.

5

EROSION

The gradual wearing away of land by natural process.

6

INSTRUMENT

A written legal document setting forth the rights and liabilities of the parties involved.

7

PATENTS

Deeds used by the US government when confirming or transferring ownership to private parties.

8

EASEMENT IN GROSS

An easement that is not appurtenant to any one parcel, for example, public utilities.

9

AVULSION

The sudden washing or tearing away of the land by action of water.

10

JUDGMENT

The final legal decision of a judge in a court of law regarding the legal rights of parties to a dispute.

11

CONVEY

To transfer ownership of title.

12

RATIFICATION

The approval of a previously authorized act, performed on behalf of a person, which makes the act valid and legally binding.

13

ADVERSE POSSESSION

Acquiring title to property by continued possession and payment of taxes.

14

ALLUVIAL DEPOSIT

Sand or mud carried by water and deposited on land.

15

ALIENATE

Transfer ownership or sell.

16

PRIVATE GRANT

The granting of private property to other private persons.

17

PATENT DEED

A deed given by the government to a private individual as evidence of transfer of title from government to the public person.

18

ACCESSION

The acquisition of title to additional land or to improvements as a result of the annexation of fixtures or as a result of alluvial deposits along the banks of streams by accretion.

19

SUCCESSION

The legal transfer of a person's interest in real property under the law of descent and distribution.

20

INGRESS

A way to enter property; access.

21

EXPEDIENTES

Land grants recorded by the Mexican government in California.

22

CLIENT

The person who employs an agent to perform a service for a fee.

23

CONVERSION

The appropriation of property belonging to another .

24

ESTOPPEL

A legal doctrine which prevents a person from denying something to be true or a fact, if the denial is contrary to previous statements or actions made by that same person.

25

AGENCY

A relationship in which one party (principal) authorizes another party (agent) to act as the principal's representative in dealing with third parties.